Northwest Natural Gas Co (NYSE:NWN) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $59.33.
A number of analysts have recently issued reports on the stock. TheStreet cut shares of Northwest Natural Gas from a “b” rating to a “c+” rating in a research note on Friday, January 12th. Zacks Investment Research cut shares of Northwest Natural Gas from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Bank of America assumed coverage on shares of Northwest Natural Gas in a research note on Tuesday, February 27th. They issued an “underperform” rating for the company. Hilliard Lyons raised shares of Northwest Natural Gas from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 27th. Finally, Wells Fargo & Co raised shares of Northwest Natural Gas from an “underperform” rating to a “market perform” rating and set a $52.00 price objective for the company in a research note on Monday.
Northwest Natural Gas (NWN) traded up $0.50 on Friday, reaching $54.55. 48,331 shares of the company’s stock traded hands, compared to its average volume of 182,444. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.92. Northwest Natural Gas has a fifty-two week low of $51.50 and a fifty-two week high of $69.50. The company has a market capitalization of $1,550.00, a P/E ratio of -45.76, a PEG ratio of 6.05 and a beta of 0.42.
Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings results on Friday, February 23rd. The utilities provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.07. The business had revenue of $240.40 million for the quarter, compared to the consensus estimate of $241.36 million. Northwest Natural Gas had a negative net margin of 7.30% and a positive return on equity of 7.75%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. research analysts expect that Northwest Natural Gas will post 2.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a dividend of $0.4725 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.89 annualized dividend and a yield of 3.46%. Northwest Natural Gas’s payout ratio is -158.82%.
In related news, Director Malia H. Wasson bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of $53.84 per share, with a total value of $107,680.00. Following the completion of the purchase, the director now owns 523 shares of the company’s stock, valued at approximately $28,158.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark S. Dodson sold 1,036 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $56.05, for a total transaction of $58,067.80. The disclosure for this sale can be found here. Company insiders own 1.48% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in Northwest Natural Gas by 2.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,063 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 40 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Northwest Natural Gas by 6.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,496 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 150 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in Northwest Natural Gas during the third quarter valued at $208,000. Elkfork Partners LLC purchased a new position in Northwest Natural Gas during the fourth quarter valued at $237,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Northwest Natural Gas during the fourth quarter valued at $256,000. 66.96% of the stock is owned by institutional investors.
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Northwest Natural Gas Company Profile
Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.
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